Operating result and profitability

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The operating result for the review period January-March 2018 was EUR 85 million (76), which represents 8.0% of net sales (7.5). The comparable operating result was EUR 88 million (82), or 8.3% of net sales (8.1). Items affecting comparability in the first quarter of 2018 included costs related to restructuring programmes of EUR 3 million (6). The comparable adjusted EBITA was EUR 98 million (90), or 9.2% of net sales (9.0). Purchase price allocation amortisation amounted to EUR 10 million (9).

Wärtsilä’s operating result was affected by a provision of EUR 3 million (11) related to long-term incentive schemes. The provision covers all three ongoing programmes. Wärtsilä’s three-year long-term incentive schemes are tied to the development of the company's share price, and they apply to approximately 100 company executives.